Tigerobo raises US$33M for AI-based natural language processing

0 Comment(s)Print E-mail Xinhua, March 13, 2019
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Chinese AI-based financial search engine startup Tigerobo announced Tuesday that it has raised 33 million U.S. dollars in a Series A funding round from Prospect Avenue Capital (PAC), CreditEase Fintech Investment Fund and Gaorong Capital.

Chen Ye, founder and CEO of Tigerobo, said the funding would be put into product technology R&D, business development, talent team building, and international market expansion.

The company has been enhancing its core competitiveness in natural language processing (NLP) since it began to provide services for financial institutions in June 2018, using massive data in the field, Chen said, noting that Tigerobo has built cooperation with media groups, educational institutions, governments and regulatory bodies from home and abroad.

So far, Tigerobo's search engine covers multidimensional data of major global capital markets, including market quotations, macroeconomic and industry information, bulletins, reports, news and alternative data.

Tigerobo is a tech startup at the forefront of commercial application with NLP expertise, said Dennis Cong, managing partner of CreditEase Fintech Investment Fund.

Founded in July 2017, the company has since raised a total of nearly 400 million yuan (59.5 million U.S. dollars).

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